CHICAGO – Even with added revenue from last year’s income tax hike, Illinois entered the new year with an estimated $8.5 billion in unpaid bills and pending Medicaid vouchers, employee health insurance payments, and other obligations.

“One year after Illinois raised individual and corporate income tax rates, the state remains in a precarious fiscal position with persistent payment delays — and the situation is unlikely to significantly improve in the near term,” Comptroller Judy Baar Topinka wrote in her office’s quarterly fiscal report, published Wednesday.

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